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Holtec plans to revive the decommissioned Palisades nuclear plant in Michigan by introducing small modular reactors (SMRs), marking the first restart of a closed U.S. nuclear facility. The project will install two 300-megawatt SMRs alongside the existing reactor, with a licensing process set for 2025 and operations targeted by 2031. While the initiative has garnered significant investment, experts raise concerns about the high costs and regulatory challenges associated with SMR deployment in the face of competing renewable energy sources.